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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Comment by SPACEDOCon Jan 25, 2023 8:40am
134 Views
Post# 35244616

RE:re re painfully obvious

RE:re re painfully obviousSUP needs Nelligan.............. that is obvious. The proximity and symbiosis leads one to believe eventually one Mill and  combined infrastruture makes too much sense. Whether IAG buys SUP or some bigger entitiy buys both from IAG.VSR/SUP remains to be seen.

Having said that we are being set up for a low ball M&A and a meager premium to the share price.
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